Originally posted by SlipTheJab
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Contract Staying Away: Hotel Tips
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Originally posted by MrMarkyMark View PostI have been to a lot better family run bakers than Greggs, often they provide better value for money too.Comment
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Greggs bacon roll sat on the sofa watching jeremy kyle = perfect day.Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by psychocandy View PostGreggs bacon roll sat on the sofa watching jeremy kyle = perfect day.Comment
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hotel vs private room
I am new to contracting, I will need to find accommodation 5 nights a week for several months. I operate through a limited company.
Looking at hotel costs it will be approx 1000 a month. I can get a room in a house for around 450 a month. The room will likely be cash in hand to the landlord, or rather I am assuming I won't be able to get a receipt that could be expensed.
How can I weigh up the actual costs of expensing the hotel through the company or just taking the hit and paying out of my own money for the room. I guess it will partially be based on turnover and what dividends I take etc... just looking for a rough guide.Comment
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Originally posted by js2008 View PostI am new to contracting, I will need to find accommodation 5 nights a week for several months. I operate through a limited company.
Looking at hotel costs it will be approx 1000 a month. I can get a room in a house for around 450 a month. The room will likely be cash in hand to the landlord, or rather I am assuming I won't be able to get a receipt that could be expensed.
How can I weigh up the actual costs of expensing the hotel through the company or just taking the hit and paying out of my own money for the room. I guess it will partially be based on turnover and what dividends I take etc... just looking for a rough guide.Comment
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Originally posted by js2008 View PostI am new to contracting, I will need to find accommodation 5 nights a week for several months. I operate through a limited company.
Looking at hotel costs it will be approx 1000 a month. I can get a room in a house for around 450 a month. The room will likely be cash in hand to the landlord, or rather I am assuming I won't be able to get a receipt that could be expensed.
How can I weigh up the actual costs of expensing the hotel through the company or just taking the hit and paying out of my own money for the room. I guess it will partially be based on turnover and what dividends I take etc... just looking for a rough guide.
For a room in a house, you'd typically be able to claim 5/7 of the rent back (assuming you're travelling back up north for example at weekends). Quite a few of us do that; travel down Sunday evening, back on Fridays. If it's pure cash only and you don't want to expense it, you'd need to figure out how much take home you'd need to finance that. It's a cheaper option, has home comforts and means that you can travel lighter.
Personal preference if you can afford the more expensive option. I've done both and have no preference; I just go for what's decent price within easy commute of the client site so that I only have two crap journeys a week.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostFor a room in a house, you'd typically be able to claim 5/7 of the rent back (assuming you're travelling back up north for example at weekends). Quite a few of us do that; travel down Sunday evening, back on Fridays. If it's pure cash only and you don't want to expense it, you'd need to figure out how much take home you'd need to finance that. It's a cheaper option, has home comforts and means that you can travel lighter.
.Comment
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Their tax issues are of no concern to you. You've got enough to get your head around without worrying about their situation.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by js2008 View PostThanks. For the room option, it is likely to be a room that is advertised as Mon-Fri or possibly 7 days, in any case I will be travelling Sunday, returning Friday for all the usual hassles of modern driving, not to mention the distance! So to claim the rent back, 5/7 (I am assuming means 5 days out of 7 being solely for business use), do I need to get some kind of receipt from the landlord? If so how do you go about this, in some cases they are just live in owners with spare rooms, although I imagine they should declare as income tax, they probably are not a business.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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